TTM Technologies Inc (TTMI)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.22 | 2.21 | 2.19 | 2.17 | 2.20 | 2.18 | 2.04 | 2.08 | 2.16 | 2.16 | 2.18 | 2.10 | 2.08 | 2.08 | 2.06 | 2.06 | 2.01 | 2.25 | 2.49 | 2.76 |
TTM Technologies Inc has consistently shown a strong solvency position based on its solvency ratios. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have been constant at 0.00 over the past several years, indicating that the company has no debt relative to its assets, capital, or equity. This suggests that TTM Technologies Inc has a low financial risk associated with its debt levels.
The financial leverage ratio, which measures the proportion of a company's debt to its equity, has shown a slight increase from 2.01 as of December 31, 2020, to 2.22 as of December 31, 2024. Despite the increase, the ratio remains relatively stable and at a reasonable level, indicating that the company is effectively managing its debt and equity structure.
Overall, TTM Technologies Inc's solvency ratios reflect a sound financial health and a conservative approach to managing its debt levels, which is favorable for investors and stakeholders concerned with the company's long-term financial stability.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.57 | 2.61 | 1.77 | 1.61 | 1.13 | 2.51 | 3.69 | 4.11 | 4.83 | 3.43 | 3.00 | 2.83 | 2.69 | 3.02 | 1.66 | 1.67 | 1.80 | 2.14 | 2.93 | 2.50 |
The interest coverage ratio is a financial metric used to evaluate a company's ability to meet its interest payments on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses.
Analyzing the interest coverage ratios of TTM Technologies Inc from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratios over the period. The interest coverage ratios ranged from a low of 1.13 on December 31, 2023, to a high of 4.83 on December 31, 2022.
A ratio below 1 indicates that a company is not generating enough earnings to cover its interest expenses, signifying financial distress. TTM's ratios below 1, such as 1.13 on December 31, 2023, and 1.61 on March 31, 2024, may raise concerns about its ability to service its debt obligations solely from operating income.
Conversely, ratios above 1 demonstrate that the company is earning more than enough to cover its interest obligations. TTM's ratios above 1, such as 3.43 on September 30, 2022, and 4.83 on December 31, 2022, indicate a healthy financial position with ample earnings to comfortably meet its interest payments.
Overall, TTM Technologies Inc experienced fluctuations in its interest coverage ratios over the period, with some periods indicating strong financial health and others warranting closer monitoring of its ability to service debt. Investors and creditors should assess the trend of these ratios to understand the company's financial stability and ability to meet its debt obligations in the future.